The Florida Senate approved legislation that would overhaul the state's property insurance system, which has struggled due to high costs and major storms.
Florida Senate approved legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms.
The Florida Senate has approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high.
The Florida Senate on Tuesday approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms.
The Republican proposal passed Tuesday comes during the GOP-led Legislature’s second special session this year aimed at stabilizing the property insurance market. The bill would create a $1 billion reinsurance fund, reduce litigation costs and compel some customers to leave a state-created insurer.